01 Apr '11, 3pm

Trans-Pacific Partnership talks make good progress

SINGAPORE : Chief negotiators from nine different countries said multi-lateral talks on the Trans-Pacific Partnership have made good progress in Singapore. The free trade agreement (FTA) will facilitate more efficient business infrastructure across all participating member countries. More than 400 negotiators drafted agreements ranging from agriculture policies to legal services. Singapore businesses are likely to see more trading with their counterparts in at least eight other countries, namely the US, Peru, Chile, New Zealand, Brunei, Malaysia, Vietnam and Australia. The sixth round of the Trans-Pacific Partnership (TPP) talks, which concluded in Singapore on Friday, advanced trade issues including tax competitiveness and supply chain integration. Ng Bee Kim, chief negotiator, Singapore, said: "It is going beyond a traditional FTA, and that in itself adds to the complexi...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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